#TrumpTaxCuts The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA), was enacted in December 2017. It aimed to stimulate economic growth by reducing tax rates for individuals and corporations. Key features include lowering the corporate tax rate from 35% to 21%, increasing the standard deduction, and limiting state and local tax deductions. Critics argue it disproportionately benefited the wealthy, while supporters claim it boosted job creation and economic expansion. The act has sparked ongoing debates about its impact on income inequality and federal revenue. #TrumpTaxCuts #TaxReform #EconomicPolicy